REGISTERED NUMBER: 15298193 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Per4mance Cars Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,772

2,362

CURRENT ASSETS

Stocks

381,105

745,793

Debtors

5

24,928

38,734

Cash at bank

63,987

80,838

470,020

865,365

CREDITORS

Amounts falling due within one year

6

(614,724

)

(895,215

)

NET CURRENT LIABILITIES

(144,704

)

(29,850

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(142,932

)

(27,488

)

CREDITORS

Amounts falling due after more than one year

7

(47,811

)

-

NET LIABILITIES

(190,743

)

(27,488

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(190,744

)

(27,489

)

(190,743

)

(27,488

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

Mr J B Watson - Director

1.	STATUTORY INFORMATION

Per4mance Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15298193

Registered office:

Chelford Road

Monks Heath

Nether Alderley

Macclesfield

Cheshire

SK10 4SZ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors' have assessed all available information and conclude that the company can continue to operate with the directors' support. Therefore, the going concern assumption is still considered appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2024

and 30 November 2025

3,150

DEPRECIATION

At 1 December 2024

788

Charge for year

590

At 30 November 2025

1,378

NET BOOK VALUE

At 30 November 2025

1,772

At 30 November 2024

2,362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

20,250

4,980

Other debtors

4,678

33,754

24,928

38,734

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

200,296

321,353

Taxation and social security

10,309

9,605

Other creditors

404,119

564,257

614,724

895,215

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other creditors

47,811

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.25

30.11.24

£

£

Within one year

34,000

34,000

Between one and five years

136,000

136,000

In more than five years

107,868

141,867

277,868

311,867